Microsoft Won't Abandon The Xbox 360 For At Least Five Years

Microsoft just announced its new console, the Xbox One (head here to read all of our coverage!), and even though the new console is coming this year, Microsoft won't be leaving behind the Xbox 360 behind any time soon.

Yusuf Mehdi, a senior vice president at Microsoft, told OXM that the company expects another 25 million Xbox 360 consoles to be sold over the next five years. "That's something we're shooting for, it's not a financial plan as such, it's just rough numbers if you will," said Mehdi, "To sell another 25 million, half of those will probably come from replacements, but half will come from new buyers."

And because of those new owners, and continuous owners, Microsoft will continue to support the system. There are more announced Xbox 360 games on the way, as well as promise of new announcements coming during E3 next month.